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Jan 1, 2013
01/13
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the so-called fiscal cliff. do you know there is nearly 100 sections, just dealing with the extensions and the relief and provisions. goes to many, many pages, but the crucial point is as far as the world markets are concerned, this is just borrowed time. the bulk of the 600 billion in tax rises has been put to one side. you were talking a few moments ago, you have still got, it has to get through the house, senate, and signed and the two months on the spending cuts, and the debt ceiling, you've got the appropriati appropriations and reconciliation. the markets will finally say -- >> my remarkable expertise are you have seen this game play out. you watched this movie before, seen it before. and you have a deadline for a big deal and what you end up is a puny deal. >> you end up with -- i wouldn't use the phrase puny deal. i would use fudge. what have you here is a fiscal fudge. they have done the barest necessary to get over -- let's stick with the cliff analogy. you walk toward the cliff, and all they have real
the so-called fiscal cliff. do you know there is nearly 100 sections, just dealing with the extensions and the relief and provisions. goes to many, many pages, but the crucial point is as far as the world markets are concerned, this is just borrowed time. the bulk of the 600 billion in tax rises has been put to one side. you were talking a few moments ago, you have still got, it has to get through the house, senate, and signed and the two months on the spending cuts, and the debt ceiling,...
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Dec 24, 2012
12/12
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the fiscal cliff looming, they took to the air. voters watched this debacle with increasing dread, while visions of total victory danced in paul's head." goes on to say, "democrats balked at a tight spending cap. republicans kept pushing their anti-tax pact. thursday evening, ere christmas there arose such a clater, reporters sprang to the capitol to see what was the matter? house dems realized with glee the speaker could not pass his own plan b." you know that, dana, because you were there on the capitol saying this is devastating for speaker boehner. everyone is crossing their fingers, hoping a loast-minute deal will come together. let's hope. >> it's looking a lot less likely. i'm certainly hearing it from my sources. but we can always hope for a christmas miracle. >> that's right. >>> speaking of christmas, people are hoping for a white christmas on the roads and at the airport across the country. they're crossing their fingers for clear weather. >> a big storm out west already delaying travel plans. san francisco bay area deal
the fiscal cliff looming, they took to the air. voters watched this debacle with increasing dread, while visions of total victory danced in paul's head." goes on to say, "democrats balked at a tight spending cap. republicans kept pushing their anti-tax pact. thursday evening, ere christmas there arose such a clater, reporters sprang to the capitol to see what was the matter? house dems realized with glee the speaker could not pass his own plan b." you know that, dana, because you...
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Dec 28, 2012
12/12
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we didn't ask to go over the fiscal cliff. i'm kind of glad at 3:00 this afternoon, both sides of the house leader smip and house are meeting. do you think that there is the will to go in and say we've got to solve this. guys, we have just got to solve this. we cannot riske putting america back into a recession. consumers are feeling badly now, but were feeling okay. do your colleagues get how serious this is? we could send america to recession? >> i believe in the senate that we do. we're having a lot of very important, very good, positive conversations between democrats and republicans, i believe the president does. the tough part is in the house. they have taken this very extreme position about protecting the wealthiest americans at all costs, even holding middle class families hostage to do it. and that really isn't rhetoric. we're seeing it over and over again. we have one bottom line, when we get done, we have to solve the problem and can't be shifted onto the middle class one more time. other than that, we want to sit d
we didn't ask to go over the fiscal cliff. i'm kind of glad at 3:00 this afternoon, both sides of the house leader smip and house are meeting. do you think that there is the will to go in and say we've got to solve this. guys, we have just got to solve this. we cannot riske putting america back into a recession. consumers are feeling badly now, but were feeling okay. do your colleagues get how serious this is? we could send america to recession? >> i believe in the senate that we do....
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Dec 26, 2012
12/12
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they only have six days to avoid the fiscal cliff. the president will leave hawaii tonight to come back to d.c. let's speak to a republican from florida. congresswoman, you played a big role in getting a marine out of a nightmarish prison in mexico and back to his family for christmas. first, i want to ask you about the fiscal cliff and what's happening in the next couple of days. first, do you think it's possible we'll get anything other than a band-aid between now and six days from now when the triggers kick in? >> i'm very optimistic if all of us pull our weight and do some serious conversations we'll have a bipartisan solution, because nobody wants to go over this fiscal cliff. it will damage our economy. it will hurt every taxpayer, the largest tax increase in history. it will affect everybody, and anyone who is watching who thinks, oh this isn't going to impact me, you will fin out d o will, and we know the problem is a lot of spending. not that we're not taxing people more, we're just spending too much. we hope that the preside
they only have six days to avoid the fiscal cliff. the president will leave hawaii tonight to come back to d.c. let's speak to a republican from florida. congresswoman, you played a big role in getting a marine out of a nightmarish prison in mexico and back to his family for christmas. first, i want to ask you about the fiscal cliff and what's happening in the next couple of days. first, do you think it's possible we'll get anything other than a band-aid between now and six days from now when...
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Dec 27, 2012
12/12
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here's what happens if we go over the fiscal cliff. all the bush tax cuts, all of them will expire with taxes going up an average of $1600 per household. the payroll tax holiday also expires. that means the tax burden will go up an average $z700 per household extra. extended unemployment benefits expire so collection shrinks from 93 weeks to 26 weeks. the medicare doc fix expires, that means a 27% cut in physician payments. the alternative minimum tax expands to 27 million more americans and obama care taxes hit, meaning a 0.9% jump in the medicare payroll tax for those earning $200,000 or more. but what about the house of representatives? they left town after republicans failed to bring a vote on their own plan b last week. ohio republican congressman steve latourette seems kpas rat -- kpas rated about all of this. you're on your way out and you repudiated the norquist pledge which you signed back in 1994. tell me why? >> well, i repudiated it because, listen, it's not 1994 anymore. the world has moved on. we have the euro, we've had
here's what happens if we go over the fiscal cliff. all the bush tax cuts, all of them will expire with taxes going up an average of $1600 per household. the payroll tax holiday also expires. that means the tax burden will go up an average $z700 per household extra. extended unemployment benefits expire so collection shrinks from 93 weeks to 26 weeks. the medicare doc fix expires, that means a 27% cut in physician payments. the alternative minimum tax expands to 27 million more americans and...
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Dec 25, 2012
12/12
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one week to go until the country falls off the fiscal cliff. how much is too much when it comes to christmas spirit? take a look at this. neighbors have had enough of this 65,000-light display. but the woman behind it says, it's not going her. and we're going to talk to her live. her name is jan stuart from california and she's up early for us. good morning, merry christmas. i'm in new york. i'm alina cho. >> "starting point" begins right now. >>> and our "starting point" this morning a dangerous winter storm creating holiday travel hazards. new this hour, we're getting word of a pile-up involving at least 20 cars and a big-rig on an interstate 40 west outside of oklahoma city. the crash has shut down interstate 40 for two miles. freezing rain turning the road into virtually, an ice rink. bonnie schneider is tracking the storm. >> the freezing rain has been falling in this part of oklahoma since the overnight hours and what will happen is as the colder air wraps behind the storm we'll see sleet accumulating which means we'll see little balls of
one week to go until the country falls off the fiscal cliff. how much is too much when it comes to christmas spirit? take a look at this. neighbors have had enough of this 65,000-light display. but the woman behind it says, it's not going her. and we're going to talk to her live. her name is jan stuart from california and she's up early for us. good morning, merry christmas. i'm in new york. i'm alina cho. >> "starting point" begins right now. >>> and our "starting...